21st April 2011
According to the latest fund sales data from funds platform Cofunds, half of the top 10 selling funds via its platform in the first quarter of this year were multi-manager based.
The best sellers include multi-manager offerings from Jupiter (Merlin Portfolio), Henderson (Multi-Manager Income & Growth and Multi-Manager Distribution), Aberdeen (Multi-Manager Cautious Managed) and Foreign & Colonial offshoot Thames River (Distribution).
The theoretical case for multi-manager funds is a strong one. As their name implies, these funds allow investors to obtain access to a spread of investment management expertise under one umbrella, thereby negating their need to assemble a D-I-Y portfolio.